What's Behind The Growth Of AI Chips?

As enterprises continue to leverage artificial intelligence (AI), the chips assigned to do AI-specific tasks are in high-demand. The global AI chip market is expected to increase from just over $5 billion to nearly $92 billion by 2025. This is according to a report by Allied Market Research, which also pegged Asia-Pacific as the fastest growing regional buyer of the technology. There are numerous explanations behind the increase in AI and the chips that power AI systems. The Emergence Of Smart Cities: With 65% of the world's population projected to be living in urban areas by 2040, more cities are harnessing AI to improve living standards, collect data, and manage resources efficiently.